Plan Sponsors’ New Role in Retirement Happiness
Author: David Ireland, Global Head of Defined Contribution, State Street Global Advisors
Today, people across the world live longer, work differently and, in keeping with those changes, have new expectations of their employers and workplace benefits. In our 2019 Global Retirement Reality Report (GR3), we've surveyed employers and retirement plan decision-makers in Australia, Ireland, the Netherlands, the United Kingdom and the United States to gain insight into how employers view their role in retirement savings plan management, their relationship with savers and their expectations for the future.
We’ve distilled our findings down to three dimensions of retirement happiness:
- Preparedness: Gain a more comprehensive view of employees’ financial ecosystems
- Trust: Stay current on the policy issues that affect retirement savers and, as possible, continue to design plans that include automatic options and ESG investments
- Ownership: Bridge the advice gap and invest in ongoing participant communications that follow the savings journey and support the retirement transition
EXP: September 30, 2020